In the market of residential property England growth

National estate Agency Strutt & Parker has published its forecast of the UK property market in 2015.

In General Strutt & Parker gives a positive Outlook on the market, despite some difficulties, the year 2015 will be marked by a strong recovery in all regions of the UK, with average prices rising at 5% per year. In the area of greater London you can expect a price increase at 9% a year, while Prime Central London will experience a period of stagnation with zero growth of prices.

Still very much a phenomenon of the imbalance of prices between Central London and the rest of the UK and buyers will actively explore the market outside of London, trying to find affordable housing.

The assurance from the Bank of England interest rate will not rise until autumn 2015, which will be an additional incentive for positive developments in the housing market of England and Wales. Combined with wage growth and fairly low inflation, the market must obtain the necessary impetus for further growth and development.

As part of the report have been investigated behavioral factors of the people who bought real estate more expensive than £2 million, the Vast majority – 79% bought a home as a primary place of residence of his family, 13% bought this kind of property as a second home, and only 8% were investors.

Already seen since the beginning of 2015, significantly increased the number of potential buyers interested in houses of more than £2 million At least, already was two times more applicants who are looking for a house more expensive than £2 million, which certainly was a surprise, because in 2015, ahead of the election, no one expected such activity in the sector of expensive real estate in the UK

However, Strutt & Parker believes that one should not overestimate the potential of the market in 2015. In 2014 the real estate market of London had a record number of sales were sold 110417 residential units for a total of £57, 8 billion pounds. Now the interests of buyers and investors who are more frightened by the high price of property in London, shifted in favor of other regions of the UK with good schools, environment and infrastructure.

® Helen Entree. 25.02.2015 G.

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